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HOW THIS IS MONEY CAN HELP

It said it would cut thousands of jobs, look at plant closures and discontinue loss-making vehicle lines as part of a turnaround effort, and would start consultations with unions on the plans.

Unite vowed to fight any compulsory redundancies at Ford.

Unite national officer for automotive industries, Des Quinn, said: 'It is a devastating blow for our members and their families, as well as having grave implications for the Welsh economy and the supply chain.'